Opening (Margin): /ES November 16th 2200 Short Put... for a 3.10 credit.
Comments: Adding rungs here at lower strikes than I've currently go on in weakness "+," with the + being high IV.
Shortput
Opened (IRA): SPY Nov 18th 320/Dec 16th 300/Jan 20th 280... short put ladder.
Comments: (Late Post). Added another tranche of rungs in November, December, and January monthlies in Friday's weakness with the November 18th 320 paying 3.23, the December 300 paying 3.05, and the January 280 paying 2.96.
Looking to primarily do housekeeping (closing out rungs at 50% max; rolling rungs) running into year's end in the absence of a new 52-week low.
Opening (IRA): QQQ November 4th 240 Short Put... for a 2.51 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (Margin): /GC November 22nd 1380 Short Put*... for a 1.40 credit.
Comments: A pure directional shot at 52-week lows with plenty of room to be wrong. 1.40 credit on buying power effect of 10.04; 13.9% ROC at max as a function of buying power effect; 7.0% at 50% max.
* -- An out-of-the-money short put is neutral to bullish assumption, with max profit being realized on a finish at or above the short put strike.
Opening (Margin): /ES January 20th 1700 Short Put... for a 3.00 credit.
Comments: Another rung at a better strike I currently have on, targeting the <75% of current price strike paying around 3.00 in credit.
Opening (Margin): /ES December 16th 2000 Short Put ... for a 2.95 credit.
Comments: Adding a couple rungs here on weakness at lower strikes than I currently have on. Targeting the <75% of current price strike paying around 3.00 in credit.
Rolled (IRA): QQQ September 30th 289 to November 18th 278... for a 2.75 credit.
Comments: (Late Post). Rolled this out on Friday to be out of September contracts and to reduce risk, cost basis, and buying power effect. Opened this for a 2.95 credit. Credits collect of 2.95 (See Post Below) plus the 2.75 here for a total of 5.70.
Rolled (IRA): IWM September 30th 178 to November 18th 173... for a 2.02 credit.
Comments: (Late Post). Rolled this out late on Friday so that I can be out of September contracts, as well as reduce buying power effect and cost basis.
Credits collected of 1.80 (See Post Below) plus 2.02 for a total of 3.82.
Opening (IRA): SPY March 17th 260 Short Put... for a 2.73 credit.
Comments: Adding rungs on weakness/higher IV. Targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (IRA): SPY January 20th 295 Short Put... for a 3.07 credit.
Comments: Adding rungs on weakness/higher IV. Targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (IRA): SPY December 16th 315 Short Put... for a 3.16 credit.
Comments: Adding rungs on weakness, higher IV. Targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (IRA): QQQ October 28th 250 Short Put... for a 2.75 credit.
Comments: Targeting the <16 strike in the shortest duration expiry that is paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (Margin): /ES October 31st 2700 Short Put... for a 3.10 credit.
Comments: Adding a smidge more to my ladder on weakness. Targeting the <75% of current price strike nearest 45 days until expiry paying around 3.00 in credit. 1.55 max on buying power effect of 14.49; 10.7% ROC at max; 5.3% at 50% max as a function of buying power effect. As before, I'll look to take off the most at-risk strikes first at the earliest possible juncture and allow the remainder to ride.
Opening (Margin): /ES January 20th 1800 Short Put... for a 3.05 credit.
Comments: A little bit long-dated for some, but putting this on while I'm waiting on other stuff to "ripen." Targeting the <75% of current price strike paying around 3.00 in credit. A basic bet that we don't see 1800 by January or that the option reaches 50% max before then.
Opening (Margin): /ES December 16th 2100 Short Put... for a 3.40 credit.
Comments: Targeting the <75% of current price strike paying around 3.00 in credit. 3.40 on buying power effect of 13.19; 25.8% ROC as a function of buying power effect at max; 12.9% at 50% max. I would have used November, but have short puts at the 2300 and 2400 strikes already (which is where I would've wanted to camp out).
A basic bet that we don't see anywhere near 2100 by December mopex and/or that the option reaches 50% max way before then.
Opening (IRA): QQQ November 18th 230 Short Put... for a 2.47 credit.
Comments: Targeting the <16 delta strike in the November monthly paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opened (IRA): IWM November 18th 152 Short Put... for a 1.53 credit.
Comments: Targeting the <16 strike in the November monthly paying around 1% of the strike price in credit on weakness/higher IV.
Closed (IRA): SPY November 18th 335 Short Put... for a 1.52 debit.
Comments: Opened this as part of a four leg ladder in October, November, December, and January. Received a 3.24 credit for this "rung." (See Post Below). Closed out the November rung today at >50% max; 1.72 ($172) profit.
Closed (IRA): SPY October 21st 360 Short Put... for a 1.40 debit.
Comments: Opened this for 3.60 on the nose. (See Post Below). Closed out today at >50% max; 2.20/$220 profit. Will re-up on weakness, higher implied volatility.
Closed (IRA): QQQ October 14th 270 Short Put... for a 1.33 debit.
Comments (Late Post): Opened this for a 2.89 credit. (See Post Below). Closed today for a 1.33 debit at >50% max. 1.56/$156 profit.
Rolled (IRA): IWM October 1st 161 to the November 18th 163... short put for a 1.10 credit.
Comments (Late Post): Rolled this out at >50% max to the strike in November paying around 1% of the strike price in credit. I might usually just take profit and close this out, but still need small cap long delta for a bit here while I manage my IWM short delta hedge. Total credits collected of 1.62 (See Post Below) plus the 1.10 here for a total of 2.72 relative to a price for the November 18th 163 of 1.71, so I've realized gains of 1.01 ($101) to date.
Closed (IRA): QQQ October 21st 260 Short Put... for a 1.59 debit.
Comments: This isn't quite at 50% max, but trimming long delta where I can profitably running into mopex/FOMC. Filled for a 2.69 credit (See Post Below); out here for 1.59. 1.10/$110 profit.
Closed (IRA): SPY October 21st 356 Short Put... for a 1.66 debit.
Comments: Opened this for 3.65 as part of a four-leg ladder. (See Post Below). Closing just the October rung of that here at >50% max. 1.99/$199 profit.
This also has the added effect of reducing my long delta a bit, so in that sense it's a subtractive delta adjustment trade at the same time. If you're big on keeping your portfolio net delta "happy," you want to first look at doing adjustments subtractively (i.e., taking off offending delta), only doing additive adjustments (i.e., putting on a new setup to delta balance) if subtractive adjustments haven't quite done the trick.
